The post Asset Manager Valkyrie Updates Spot Bitcoin ETF: What Details Stand Out? appeared on BitcoinEthereumNews.com.

– Advertisement – Valkyrie Investments recently filed a fourth amendment with the U.S. Securities and Exchange Commission (SEC). In addition to growing expectations in the industry, it has been reported that Blackrock and Fidelity recently met with the SEC. An important meeting took place on December 12, 2024, between representatives from Blackrock and the SEC regarding the proposed rule change for listing iShares Bitcoin Trust. Asset management company Valkyrie has once again submitted an update to its application for a spot Bitcoin Exchange Traded Fund (ETF): Is there a significant detail in the update? Valkyrie Updates Spot Bitcoin ETF Application Valkyrie Investments, a significant representative in the digital asset management sector, recently filed a fourth amendment with the U.S. Securities and Exchange Commission (SEC), indicating its initiative to launch a spot Bitcoin Exchange Traded Fund (ETF) in the United States. Despite previous challenges, this step underscores Valkyrie’s determination to overcome regulatory hurdles. The company’s steadfast approach in this field is evidence of its commitment to establishing a Bitcoin spot ETF, a financial product in high demand but subject to significant regulatory scrutiny. This follows recent reports that CoinShares, a leading European crypto ETF issuer, has a special option to acquire Valkyrie Funds until March 31, 2024. This strategic decision highlights the intention to create an effective presence in the U.S. digital asset investment market and build a comprehensive global platform for digital asset investments. The alliance represents a significant step in combining expertise and resources in the digital asset management industry, pointing to the potential to shape the landscape of crypto investments. In addition to growing expectations in the industry, it has been reported that Blackrock and Fidelity recently met with the SEC. This development is perceived as a significant indication of the SEC’s decision-making process regarding the approval of…

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Filed under: News - @ December 15, 2023 7:26 pm